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2 years ago

George borrowed $1,895. 50 for two years. The total amount he repaid was $2,189. 38. How much interest did he pay for the loan?.

Business

1 answer:

ahrayia [7]2 years ago

3 0

Answer:

Explanation:

George borrowed $1,895. 50 for two years. The total amount he repaid was $2,189. 38. How much interest did he pay for the loan?. George borrowed $1,895. 50 for two years. The total amount he repaid was $2,189. 38. How much interest did he pay for the loan?. George borrowed $1,895. 50 for two years. The total amount he repaid was $2,189. 38. How much interest did he pay for the loan?. George borrowed $1,895. 50 for two years. The total amount he repaid was $2,189. 38. How much interest did he pay for the loan?.

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Raw Materials Inventory, beginning to balance $36,000

lesya692 [45]

Answer:

1. Journal Entry Debit Credit

Raw materials inventory $73,400

($72,000 + $1,400)

Accounts payable $73,400

(Being raw materials purchase on credit)

2. Journal Entry Debit Credit

Work in process $64,300

($64,000 + $300)

Raw materials inventory $64,300

<u>Raw Material Inventory Account</u>

Beginning balance $36,000 | Work in process $64,300

Purchase $73,400 | <u> </u>

| Ending balance <u>$45,100</u>

| ($36,000 + $73,400 - $64,300)

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3 years ago

Considerable research has documented that in many product categories, consumers are unable to distinguish among brands when give

kirill115 [55]

Answer:

brand loyalty

Explanation:

Brand loyalty: The term "brand loyalty" is determined as the propensity of specific consumers to "continuously purchase" a particular brand's products over some other brand's products. However, a specific consumer's behavioral patterns are responsible for demonstrating that he or she will continue to purchase products from the same company that has been fostered a "trusting relationship".

In the question above, the given statement represents brand loyalty.

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3 years ago

A new security system has a price-tag of $8,000, but should save your company $3,600 each year for the next 10 years in reduced

tensa zangetsu [6.8K]

If the required rate of return is 7.2%, no such security shall be purchased.

<h3>What does the required rate of return mean?</h3>

The required rate of return is the expected percentage of returns on investment at the time the investment is made. The required rate of return, in this case, is 7.2%.

The actual returns earned from purchasing the security for $8000 and receiving returns of $3600 are calculated to be around a 3.6% return.

As a result, if the required rate of return on investment is 7.2%, the security should not be purchased.

Read more about the required rate of return here:

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3 0

2 years ago

On April 1, 2018, Elucian Corporation invested in the bonds issued by the City of Westminster on January 1, 2018. These 10-year

timofeeve [1]

Answer:

D $302, 250

Explanation:

The computation of the total amount paid is shown below;

Total amount paid = Face value + accrued interest

= $300,000 + $300,000 × 3% × 3 months ÷ 12 months

= $302,250

hence, the total amount paid is $302,250

Therefore the correct option is d.

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0

3 years ago

"Sydney has a portfolio with 50 shares of AAA with a current value of $20 per share, a return of 12%, and a beta of 1.30. She al

Nezavi [6.7K]

Answer: 12.72%

Explanation:

Given the following information ;

50 Shares of AAA at $20 and expected returns of 12%

25 Shares of BBB at $60 and expected returns of 10%

75 Shares of CCC at $50 and expected returns of 14%

Total value of the portfolio ;

Total Portfolio Value = ( 50×20 ) + ( 25×60 ) + ( 75×50 )

= 1000 + 1500 + 3750 = $6,250

Weight of each share in the portfolio;

Weight of Stock AAA = ( 50×20 ) / 6250 = 0.16

Weight of Stock BBB = ( 25×60 ) / 6250 = 0.24

Weight of Stock CCC = ( 75×50 ) / 6250 = 0.60

Expected return on portfolio is calculated thus;

Expected Portfolio Return = ( Weight of AAA×Expected Returns ) + ( Weight of BBB×Expected Returns ) + ( Weight of CCC×Expected Returns )

Expected Portfolio Return = ( 0.16×0.12 ) + ( 0.24×0.10 ) + ( 0.60×0.14 )

Expected portfolio return = (0.0192+0.024+0.084) = 0.1272

0.1272 = 12.72%

6 0

3 years ago